U.S. DOLLAR COLLAPSE - Russia Unloads 20% Of Its Total U.S. Holdings In ONE Month
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U.S. DOLLAR COLLAPSE -
Russia Unloads 20% Of Its
Total U.S. Holdings In ONE Month
Earlier this week
John Williams warned that hyperinflation will begin to appear in
America sometime in
2015. He noted that, though the dollar is currently strong compared to other fiat money, signs that a currency collapse is coming will begin with the sell-off of the
U.S. dollar.
It’s a known fact that the
Russians and
Chinese have already begun divesting themselves of dollar dependency by implementing trade agreements that completely sidestep the world’s reserve currency, but there has been no overt
sign of a sell-off that might be indicative of a coming attack on our currency. According to a report from
Zero Hedge the Russians have already started unloading their dollar reserves
. In the month of December alone they sold a record $22 billion in U.S. Treasurys. While this may not seem like a big number, it is over 20% of their total
US dollar holdings.
But here’s the kicker: They’re not the only ones getting rid of their dollars in what appears to be a fairly uncommon sell-off over the course of the last 60 days.
Back in December, Socgen spread a rumor that Russia has begun selling its gold. Subsequent
IMF data showed that not only was this not correct, Russia in fact added to its gold holdings. But there was one thing it was selling: some $22 billion in US Treasurys, a record 20% of its total holdings
Is Russia, after being under economic attack for the better part of a year, Chinese in an effort to debase the dollar? imminent economic collapse, while others argue that the end is nigh for the U.S. economic, financial and monetary systems.
Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the
United States during the crash of 2008 Stocks are, after all, at historic highs.
insider elite illuminati U.S. monetary policy and its long-term effects on domestic and global affairs it’s former
Federal Reserve chairman Alan Greenspan the outstanding debts… and that the debt load in the U.S. monetary depreciation. quantitative easing and zero-interest rate policies by the Fed… we really cannot exit this without some significant market event… By that I interpret it being either a stock market crash or a prolonged recession
Frank Talk blog know that
China, along with
India, leads the world in gold demand. This
Chinese New Year is no exception.
Official “
Year of the Ram sheep goat ” gold coins sold out days ago, and since the beginning of January, withdrawals from the
Shanghai Gold Exchange
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China, in other words, is consuming more gold than the world is producing.
China’s supply of the precious metal per capita is actually low compared to neighboring
Asian countries such as
Taiwan and
Singapore. Because, if and when hyperinflation starts people will quickly realize that their dollars are worthless. And as we have seen time and again, and most recently in Russia but to panic buy everything that isn’t nailed down in an effort to unload their diminishing purchasing power before their currency is completely worthless. Why
The “1%” Hates
The Gold Standard Between
1930 and
1970, it was only the "bottom 90%" that saw their incomes rise The “perfect-storm” of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly damaged
Moscow’s international standing, and possibly for the long-term.
monetary mercy of the US and its
NATO allies and this view has been most vehemently expressed by
President Putin’s long-time economic advisor,
Sergei Glazyev . The announcement, in sharp contrast to that institution’s more taciturn traditions, underscores Moscow’s outspoken dismay with dollar hegemony; its timing suggests coordination with the top rungs of government to present gold as a possible currency-war weapon.
U.S. Mint, which just sold out of all silver
American Eagle silver bullion coins demand supply